What responsibility is NOT typically associated with trustees in a funeral service trust agreement?

In a funeral service trust agreement, trustees have specific responsibilities that involve managing and safeguarding the funds placed in trust for future funeral services. One of their primary roles includes ensuring that the funds are properly invested to maintain and grow the trust for the intended purpose. They also oversee the reimbursement process, ensuring that funds are allocated and distributed according to the terms of the trust when services are rendered. Furthermore, trustees have the authority to determine the performance and effectiveness of other trustees, including the ability to remove them if necessary for reasons such as mismanagement or lack of adherence to fiduciary duties.

Setting the price of the services, however, is typically not a responsibility of the trustees. Pricing is generally determined by the funeral service provider based on various factors including market conditions, service offerings, and individual business strategies. Therefore, while trustees play a crucial role in the administration and management of the trust funds, determining service prices is outside their scope of responsibilities in the context of a trust agreement.